After forming a Head & Shoulder pattern, retail sellers got trapped and that becomes the liquidity for next up-move from the institutional demand zone. So the trend is up.
Recently good liquidity sweep happened which can fuel next up-move in short term.
With 1:3 Risk Reward and potential 14.6% up-move.
Only if Nifty holds current levels. ie it does not go below 22,700. Otherwise exit this trade.
Follow for more such setups, comment your thoughts.
Recently good liquidity sweep happened which can fuel next up-move in short term.
With 1:3 Risk Reward and potential 14.6% up-move.
Only if Nifty holds current levels. ie it does not go below 22,700. Otherwise exit this trade.
Follow for more such setups, comment your thoughts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.